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Margie Frump is employed as a teacher. She occasionally purchases items that she uses in the course of her employment that are subject to depreciation.
Margie Frump is employed as a teacher. She occasionally purchases items that she uses in the course of her employment that are subject to depreciation.
Assets held by Margie at 30 June 2021:
Margie uses each of these assets entirely for work.
Margie has not previously used a low-value pool for her assets.
Margie wishes to maximize her deduction for a decline in value.
Calculate the deduction for the decline in value available for 2021/22.
Computer: $
Laptop: $
Printer/Copier: $
Laser Printer: $
Mobile Phone: $
Video Recorder: $
Asset Computer Laptop Printer/Copier Cost ($) 3,600 1,900 800 Adjustable Value at 30/6/21 ($) 1,200 870 290 Effective Life (years) 5 5 Depreciation Method Prime Cost Diminishing Value Prime Cost
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